A jittery global economy might have major industrial markets worldwide worried, but South Jersey industrial is still in a position to grow, Liberty Property Trust VP and city manager Mark Goldstein tells us. Mark will be a speaker at our fifth annual Future of South Jersey event at the Crowne Plaza in Cherry Hill on Aug. 16.
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"As the demand for warehouse space near population centers accelerates, the Gloucester County industrial market, with easy access to Philadelphia, will continue to grow and prosper," Mark says. "As for the Burlington County industrial market, it will continue to strengthen as land in Central and Northern Jersey near to the New Jersey Turnpike becomes scarcer."
That theme is not unique to South Jersey. All over the country—from Atlanta to California—warehouse demand from e-commerce is driving massive industrial growth close to populated areas. The most-densely populated state in the country is a natural to benefit from it.
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After a Q1 lull, demand for office space in parts of South Jersey has rebounded as well. For its part, Liberty Property Trust recently inked a deal with American Water for the development of American Water’s new corporate HQ at One Water Street in Camden.
The development will be the inaugural commercial development in Liberty’s The Camden Waterfront, a 20-acre mixed-use development, master planned by Robert A.M. Stern Architects.
Hear more about South Jersey from Mark and other expert speakers—including a special panel on the future of troubled Atlantic City—at our fifth annual Future of South Jersey at the Crowne Plaza in Cherry Hill, beginning at 7:30am on Aug. 16. Sign up here.
